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New Survey Reveals What Wealthy Investors Really Think About Crypto
Plus, the latest in market news.
Happy Sunday, and welcome to Benzinga’s financial advisor newsletter.
Today we're discussing wealthy investors and crypto. Affluent investors are showing strong interest in crypto guidance but remain unsure about their advisors' experience. New survey shows wealthy investors want more support from financial advisors when it comes to digital assets.
Plus, a look back at the last week of market activity.
Table of Contents
INDUSTRY CHATTER
Interest in digital assets has grown well beyond early adopters. As crypto continues to gain attention among mainstream investors, more individuals are considering it a serious part of their portfolios. This shift is creating new expectations for financial professionals as clients look for help managing the risks and opportunities of digital asset investing.
A new survey by CoinShares polled 500 wealthy U.S. investors and found that 82% would be more likely to work with a financial advisor who offers crypto-related guidance. However, nearly one-third of respondents said they had concerns about their advisors’ experience in the space.
Among crypto holders surveyed, 88% currently work with an advisor. Many said they expect a wide range of support, including secure investment options, risk management, tax and regulatory guidance, and help understanding newer areas like tokenization and decentralized finance.
The survey also noted several concerns that investors have about crypto, including security risks, regulatory uncertainty, and market volatility. These issues were commonly cited by both current holders and those who are considering entering the space.
Advisors’ lack of personal experience with digital assets and unclear risk explanations were the most frequently mentioned red flags. Some respondents also pointed to outdated views on the crypto market as a concern.
The data suggests that while interest in crypto is rising, many investors are still cautious and want more from their financial advisors before fully committing.
WEEKLY MARKET RECAP
Wall Street posted fresh all-time highs this week, fueled by a relentless rally in Nvidia Corp., which became the first company in history to surpass a $4 trillion market capitalization, igniting optimism across the tech and AI sectors.
The chipmaker extended its winning streak to a seventh straight week — and the 11th in the last 12 — nearly doubling its share price from early April lows in just over three months.
This surge pushed the combined market value of the so-called Magnificent Seven — Apple Inc., Microsoft Corp., Amazon.com Inc., Meta Platforms Inc., Alphabet Inc., Tesla Inc. and Nvidia Corp. — to a staggering $18.3 trillion.
President Donald Trump reignited trade war concerns, announcing a 35% tariff on Canadian imports starting Aug. 1. He also proposed blanket tariffs of 15% to 20% on most other U.S. trading partners. Additionally, the administration unveiled 50% duties on copper and Brazilian goods, all set to kick in on the same day.
Trump also escalated his feud with the Federal Reserve. On Wednesday, he called for an aggressive three-percentage-point rate cut, arguing that each point costs the U.S. $360 billion annually in debt service.
The Fed remains cautious. Minutes from the June 17–18 FOMC meeting revealed that most officials expect to cut rates later this year. Still, Chicago Fed President Austan Goolsbee pushed back, saying debt costs shouldn’t drive monetary policy. He reiterated the central bank's dual mandate: price stability and full employment.
Airline stocks outperformed this week. Delta Air Lines Inc. surged 12% on Thursday after beating earnings expectations and reaffirming its full-year profit forecast. Optimism spilled over to United Airlines Holdings Inc., Southwest Airlines Co. and American Airlines Group Inc., as investors bet on a strong summer quarter for the travel sector.
Bitcoin also broke records, soaring past $118,000. The iShares Bitcoin Trust — the world's largest crypto-related exchange-traded fund — posted inflows in 12 of the past 13 weeks, reflecting surging institutional interest in the top cryptocurrency.
THE WEEK AHEAD
Economic Data
Monday: China GDP
Tuesday: US CPI
Wednesday: US PPI
Thursday: US initial jobless claims and retail sales
Friday: US housing starts and consumer sentiment
Earnings
Click here for the full calendar of economic data and earnings reports.
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